Mr. Chris Wensley reports

CRESTVIEW EXPLORATION ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING

Crestview Exploration Inc. has arranged a non-brokered private placement financing of up to five million units at a price of five cents per unit for aggregate proceeds of up to $250,000. Each unit will consist of one common share of the company and one share purchase warrant of the company, with each warrant being exercisable into one common share of the company at a price of 10 cents per common share for a term of two years from the date of issuance. The company intends to use the proceeds of this offering for general and administrative purposes, option payments, and predrilling and exploration activities at its Nevada properties.

The company may pay a finder's fee in cash and/or securities as compensation to qualified finders as part of this offering.

The securities issued under the offering will have a hold period expiring four months and one day from the date of issuance pursuant to applicable Canadian securities laws. Closing of the offering remains subject to regulatory approvals, including approval of the Canadian Securities Exchange.

About Crestview Exploration Inc.

Crestview Exploration is an experienced exploration company focused on the exploration and development of its portfolio of gold and silver properties located in prolific mining districts of geopolitically stable Nevada, which is currently ranked as the No. 1 mining and exploration jurisdiction globally by the Fraser Institute.

The Rock Creek gold project is Crestview's flagship asset, with 74 unpatented lode mining claims wholly owned and controlled by CRS. The Rock Creek property was acquired in 2017, and the company went public in 2019. Emboldened by the results coming out of Rock Creek, Crestview strategically expanded on the land position with the acquisition of the nearby Divide mine prospect in April, 2020, and the acquisition of the Falcon silver-gold prospect in September, 2022. Between the three properties, all targeting similar mineralization and likely the same hydrothermal system, Crestview now holds 260 total claims in close proximity of one another. These three gold prospects, along with the nearby Castile prospect, are situated in a region with proven world-class gold deposits (including Midas, Jerritt Canyon, Betze-Post, Meikle and Gold Quarry), where the potential of finding large, high-grade gold-silver deposits is favourable.

The Cimarron project is located in the San Antonio Mountains of Nye county, Nevada, and comprises 31 unpatented lode mining claims, including control of six historically producing claims associated with the historic San Antonio mine. The property is located in the prolific Walker Lane trend, approximately 44 kilometres south of the world-class Round Mountain deposit.

We seek Safe Harbor.